The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-06-23
Dun,s weekly Trade Review.

NEW York, June 17.-R. G.. Dun &
Co.'S. weekly review of trade says it is
most encouraging that one of the great
speculations by which legitimate bust
ness has for months been embarrassed,
has come to an end without disaster to
other parties save those who invited
the disaster. Arnold q Co. in coffee
and kershaw Il Co. in grain, with the
powerful combination behind them,
have broken with number of smaller
operators, but commerce and finances
have not been seriously dis
disturbed. Those who disputed the
wheat statistics given three months
ago in this review can now see whether
those figures were more correct than
the estimates of the speculative ring.
March 18th this review said that the
surplus in excess of the years home
demand and 104, 000, 900 bushels already
exported, was not more than
80, 900 bushels. Spectators ridi-
culed this warning, but 10000, 900
bushels more have been exported to
date, and the home demand has
been satisfied, and within thirteen
days of the end of the crop year the
visible supply of wheat is 42,112,176
bushels, besides all wheat in farmers
hands and country elevators and all
flour in the country. For the first time
since February, Chicago was selling
wheat for export on Thursday and the
market is now gradually adjusting it
self to natural conditions. Sales of
wheat here reached So, 1877 900 bushels
and of coffee 1,272, 900 bags
In both markets liquidation is
progressing with more quiet
feeling. The iron market is sOmeW hat
weakened in tone by the breaking of
the coke combination, and the renewed
production of some furnaces which
have been banked.
Cotton yielded but little when other
speculatiOns broke through.
The crop prospects are everywhere re-
ported the most favorable for seven
years. with p per cent increase in acre
age. A yield the largest ever known
by. 100000 bales may result. and the
price OF new cotton is held
November, with print cloths lower
than at that time. Distrust of cur
rent prices effects dealings in goods to
some extent, though the demand is
still healthy and strong. Higher prices
for wool at London sales, with stiff
prices at the west dishearten manu-
facturers, who complain of heavy i'm
ports of wooden goods classified as
Worsted and admitted at low duties.
1lOIl POlhIO- "a
most uniformly favorable as to volume
of trade for the season and exceedingly
hopeful as to future, begin to note
the stringency of money in several di-
rectioRs, at Cleveland because of large
demands; at Nashville because of real
estate operations; at Omaha because
large sums have gone into buildings
and at Detroit because of the wool
movement. Chicago bankers, in view
Il
toners than they expected, re-
gret that 50 much has been
tied up III wheat loans.
Collections are reported satisfactory at
most points; about the average at Kan
saS City; only fair at Denver, Calves
ton, Omaha and Nashville and not so
good at st. Paul, where building
strike keeps 1000 men idle. The ore
handlers strike also disturbs shipments
at Cleveland; from Little Rock it is
noted that Arkansas real estate has adj
vanced 100 per cent in the past year.
The foreign trade is not improving.
May shows a decrease of 10, 250, 600
pounds in exports OF cotton, and
81 400, 900 in provisions and cattle.
while imports at New York
were is per cent larger than last
year. This is a slight reduction in raw
| and advance in refined sugar. Leather
is quiet with some yielding in quota
lions, though the fair business done by
boot and shoe makers promises i'm
| provement. Railway earnings con-
| tinue excellent and stocks yield but
| little in price. The Interstate Com:
merce Commission latest decision is
| not yet clearly understood here Oh
abroad, but its effect is to cause some
| hesitation.
The business failures during the last
seven days number for the United
States, 1913: for Canada. 20; total, 213
compared with I73 last week and fOl
the corresponding week of last year
I55. The increase noticed this weel
arises of course mainly through TIN
wheat excitement in Chicago and tn
West and other sections of the country
Business troubles appear to be lighte
than usual